https://www.taxtmi.com/caselaws?id=194015 The Tribunal allowed the appeal, ruling that the interest income earned on fixed deposits was directly linked to the project and should be capitalized, reducing it from the capital work-in-progress. The Tribunal distinguished between surplus funds and project-linked funds, following the Bokaro Steel Ltd. judgment, and deleted the addition of Rs. 7,35,675 from the capital work-in-progress. The alternate plea for deduction under section 57 was deemed unnecessary due to the success on the main issue, resulting in the appeal being partly allowed. en-us Fri, 31 Jul 2015 00:00:00 +0530 Sat, 26 Aug 2017 10:20:58 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=194015 The Tribunal allowed the appeal, ruling that the interest income earned on fixed deposits was directly linked to the project and should be capitalized, reducing it from the capital work-in-progress. The Tribunal distinguished between surplus funds and project-linked funds, following the Bokaro Steel Ltd. judgment, and deleted the addition of Rs. 7,35,675 from the capital work-in-progress. The alternate plea for deduction under section 57 was deemed unnecessary due to the success on the main issue, resulting in the appeal being partly allowed. Case-Laws Income Tax Fri, 31 Jul 2015 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=194015